Crixto and Binance Pay: 5 keys about their agreement for payments with USDT in Venezuela
CriptoNoticias verified the agreement between Crixto and Binance. The alliance is real and its exchange rate complies with the regulator's standards.
In a context where cryptocurrencies have gained ground in Venezuela due to inflation and the scarcity of dollars, the Venezuelan fintech Crixto announced an integration with Binance Pay that allows users to pay with the stablecoin USDT in local businesses, receiving bolívares instantly.
In light of the stir that has generated both enthusiasm and controversy, CriptoNoticias requested answers from both companies regarding the doubts expressed by the community, to verify the documents, and to break down the fundamental points to understand the controversy and the value proposition.
Below, we break down five essential keys to understand this initiative, its implications, and the challenges it faces.
1. Alliance or API? An agreement under scrutiny, but with a contract in hand
The main criticism from the community focused on the term "alliance." Some users argued that Crixto simply connected a public API from Binance Pay and did not formalize a partnership.
Binance's silence on its official channels fueled this theory. However, CriptoNoticias was able to verify the existence of a "Master Aggregator" contract signed in April 2025, between Crixto and Binance, validated by the legal departments of both firms.
This cleared up the doubt, and although it may operate via API, there is a legal framework for business association for the Venezuelan jurisdiction.
